Good morning everyone. So I’ll start by saying that I messed up!! I live in Nashville, TN but I bought my first rental property in Memphis, TN a year and some months ago.
My mortgage loan officer recommended a 15-ye...

I am confused with what "DSCR at purchase" is. Does this not include the construction loan ? 
For example, when the DSCR is 3.00x and the Loan to Purchase is 68% , does this mean that NOI is 3.00 x the debt from a lo...

Long story short, I made an error in respects to an IR. Thought payments were prepaid for 3 months. Right before the virus madness, the lender I was in the process of refinancing with denied the loan because there wer...

Hello all, I am a full time firefighter/paramedic and a “part time” which is more like full time  real estate investor. I mostly do fix and flips but I am looking to add to my 2 door portfolio of rentals. I have zero,...

Anybody have a nice profit and loss template set up on excel that lets you plug in your numbers each month?  Looking for it to be geared toward rentals.  Appreciate anyone willing to share.  Thanks!

Looks like the IRS dictates that the seller who sells on terms has to declare the minimum rate (I believe it varies but is around 3%). Which means that if you ask for and get a principal-only mortgage, the seller is g...

Hello Colleague,I have a questiona bout the home owner finanting.A bit of background. I am a young working professional. Spending approximately 45% of my income and saying the rest for real estate investments.Because ...

Noticed that the principal portion of my mortgage payment went DOWN from Feb to Mar. Looked back over the last year and it kind of jumps around, not always continuously increasing. Called the bank, they said it was ...

I believe that the main reason nobody wants to buy right now is the interest rates? Please correct me if i'm wrong or missing something. With that being said and despite the current interest rates, what would be the h...

I currently have a 4 plex unit near bucs stadium in Tampa FL. In this 4plex 3 of the units are rented through STR (Airbnb, VRBO) the four unit I have it rented to a tenant with a 1 year lease. 3 units- STR bringing 21...